Vanguard Health Care ETF (NYSEARCA:VHT) Sets New 12-Month High – Here’s Why

Vanguard Health Care ETF (NYSEARCA:VHT) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $314.45 and last traded at $314.00, with a volume of 41551 shares traded. The stock had previously closed at $306.67.

Vanguard Health Care ETF Price Performance

The firm has a market cap of $18.53 billion, a PE ratio of 20.85 and a beta of 0.60. The company has a 50-day simple moving average of $292.79 and a 200-day simple moving average of $285.09.

Institutional Investors Weigh In On Vanguard Health Care ETF

A number of institutional investors and hedge funds have recently modified their holdings of VHT. Bank of America Corp DE increased its stake in Vanguard Health Care ETF by 30.5% in the second quarter. Bank of America Corp DE now owns 1,919,086 shares of the company’s stock worth $476,586,000 after purchasing an additional 448,964 shares during the period. Morgan Stanley lifted its position in shares of Vanguard Health Care ETF by 9.5% during the fourth quarter. Morgan Stanley now owns 1,615,053 shares of the company’s stock worth $464,893,000 after purchasing an additional 140,350 shares during the last quarter. UBS Group AG boosted its stake in shares of Vanguard Health Care ETF by 6.4% during the fourth quarter. UBS Group AG now owns 1,388,965 shares of the company’s stock valued at $399,814,000 after purchasing an additional 83,768 shares during the period. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Vanguard Health Care ETF during the fourth quarter valued at $251,293,000. Finally, LPL Financial LLC grew its holdings in shares of Vanguard Health Care ETF by 6.8% in the fourth quarter. LPL Financial LLC now owns 806,286 shares of the company’s stock worth $232,089,000 after purchasing an additional 51,515 shares during the last quarter.

Vanguard Health Care ETF Company Profile

Vanguard Health Care ETF seeks to track the investment performance of the MSCI US Investable Market Health Care 25/50 Index, a benchmark of large-, mid-, and small-cap United States stocks in the health care sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of two main industry groups. The first group includes companies that manufacture health care equipment and supplies or provide health care related services (such as distributors of health care products, providers of basic health care services, and owners and operators of health care facilities and organizations).